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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. How has accounting changed with technology? Automation. The result?

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Auditor evaluation deficiencies are more frequent than you think: How to ensure an accurate data review

ThomsonReuters

This is where technology can help. Let’s take a closer look at the importance of accuracy and completeness in audit data review and how leveraging technology can enhance audit quality , efficiency, and effectiveness. Auditors can sample data effectively by using statistical techniques to stratify data based on risk factors.

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From speech to insights: The value of the human voice

Mckinsey and Company

New technologies make voice-data analysis easier to achieve, for lasting results. In a digital age, live voice contacts matter even more in providing a high-quality customer experience.

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AI and job security: Will technology replace tax professionals?

ThomsonReuters

But, if we think back to several years ago, tax software solutions that streamlined an accountant’s workflow begged the same question: will technology replace my job? Tax preparation software has shifted the work of today’s tax and accounting professionals—from mundane data entry to more meaningful and strategic work.

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4 questions to drive your audit firm’s evolution

ThomsonReuters

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it.

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How AI transformed the tax and accounting profession in 2023

ThomsonReuters

By automating these mundane tasks, tax professionals can allocate more time to strategic planning, analysis, and providing valuable insights to their clients. Enhanced data analysis AI has brought about a paradigm shift in data analysis within the tax and accounting profession. AI is all around us.

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Harnessing The Power Of Big Data In Litigation

Law 360 M&A

The growth in the volume, scope and utility of available data — with vendors tracking and selling data, and government releasing large data sets — requires consideration of new data analysis approaches and technological tools that can help provide objective insights in litigation matters, answer key liability and damages questions, and support critical (..)